Archive for taxable income – Page 2

TAX CUTS AND JOBS ACT – WHAT IT MEANS TO YOU

| January 12, 2018 | 0 Comments

The recently passed ACT is the most sweeping tax legislation since 1986. I will attempt to summarize some of the features that I believe may impact you and your taxes in the years ahead. The provisions that affect individuals are temporary until 2026; those affecting businesses are permanent. Individual taxable income rates will be lower […]

FINANCIAL WINDFALLS

| November 1, 2016 | 0 Comments

During the year you may have been the recipient of unexpected funds (money!!!).  Some are from a good fortune; others are from an unfortunate incident. If you have been involved in one of these situations there are tax consequences to consider.  Some are short term (in the current year); others will impact you long term. […]

BUSINESS OR HOBBY? DO YOU KNOW THE DIFFERENCE?

| September 14, 2015 | 0 Comments

We all enjoy hobbies OR, at least, I hope you have a an interest that you can pursue that  makes your life bearable.  Maybe I should use the term “makes your life interesting”. Hobbies are activities that you do for pleasure NOT for profit.  Hobbies include collecting, craft making and horse breeding/racing to address a […]

Opportunities for Public Charities

| September 1, 2011 | 0 Comments

Public charities such as churches can increase their assets over the long term by offering their congregation the opportunity to donate to the church and earn income at the same time. The public charity sets up a “pooled income fund.” The individual donates to the church (tax deduction for the taxpayer at the time the donation […]